Real Gross Domestic Product: Manufacturing (31-33) in Tennessee
Annual, Not Seasonally Adjusted
TNMANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,620.40
Year-over-Year Change
26.56%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the annual real gross output of the U.S. manufacturing sector, an important indicator of economic growth and productivity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric represents the total real value of goods and services produced by the manufacturing industry in a given year, without adjusting for seasonal factors. It provides insights into the underlying health and performance of the U.S. manufacturing base.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor this trend to assess the state of the manufacturing economy and inform economic policy decisions.
Key Facts
- Manufacturing accounts for 11.3% of U.S. GDP.
- The U.S. is the world's second-largest manufacturer, behind China.
- Manufacturing productivity has increased by over 50% since 2000.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the total real gross output of the U.S. manufacturing sector in a given year, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the underlying health and performance of the U.S. manufacturing base, which is a crucial driver of economic growth and productivity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state of the manufacturing economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a lag of several months between the end of the reporting period and the data publication.
Related Trends
Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Tennessee
U5UNEM5TN
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Tennessee
TNMISCPRORGSP
Real Personal Income: Metropolitan Portion for Tennessee
TNMPRPI
Personal Consumption Expenditures: Services for Tennessee
TNPCESRV
Chain-Type Quantity Index for Real GDP: Retail Trade (44-45) in Tennessee
TNRETAILQQGSP
Unemployment Level for Tennessee
UNEMPLOYTN
Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (TNMANRGSP), retrieved from FRED.